5 years ago
JP Morgan rolls out first US bank-backed cryptocurrency to transform payments business
The first cryptocurrency created by a major U.S. bank is here — and it's from J.P. Morgan Chase. The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called "JPM Coin," the digital token created by engineers at the New York-based bank to instantly settle payments between clients.
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